Form 4: Genesis Energy LP Director Gasaway Reports Transaction in Common Units

Director Sharilyn S. Gasaway reports a transaction involving Genesis Energy LP's Common Units Class A and Phantom Units on April 1, 2025.

Summary

• On April 1, 2025, Sharilyn S. Gasaway, a director of Genesis Energy LP, reported a transaction involving Common Units Class A and Phantom Units.
• Gasaway disposed of 2,919 Common Units Class A at a price of $14.35.
• Simultaneously, 2,919 Phantom Units were settled in cash, which is deemed a disposition of the phantom units in exchange for the acquisition and subsequent disposition of the underlying Common Units Class A.
• Following these transactions, Gasaway directly owns 288,364 Common Units Class A.
• Gasaway also acquired 2,491 Phantom Units that will be paid in cash based on the average closing price of Common Units Class A prior to the vesting date.
• These new Phantom Units include tandem distribution equivalent rights, accruing quarterly distributions paid on Common Units Class A over the vesting period.
• Following the transaction, Gasaway holds 12,151 Phantom Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The phantom units will be paid in cash based on the average closing price of the Common Units Class A for the 20 trading days immediately prior to the vesting date.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is a standard practice in publicly traded companies to ensure compliance with SEC regulations.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's holdings and transactions.

Key Dates

Keywords

Genesis Energy LP, GEL, Form 4, Insider Trading, Beneficial Ownership, Common Units, Phantom Units, Director, Gasaway, Transaction